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Recharge Wrap-up: Tesla and crude oil, Toyota Prius incentives

There is a direct relationship between Tesla stock and the price of US crude oil, according to Business Finance News. According to research, when oil prices rise, so does Tesla's stock value, though not always at the same rate. In some cases though, Tesla stock has performed well despite falling oil prices, or poorly during oil rallies. Business Finance News attributes this to "external forces" such as product launches (like the Powerwall) and strong or weak earnings on the part of the electric automaker. "Apparently," writes the article's author Jason Graul, "the relationship between the energy-innovation company and crude oil is based on basic principles of demand and supply, and substitute goods." Who would have thought? Read more at Business Finance News. Southern California Toyota dealerships are offering increased incentives on the 2015 Prius. As the car ages and gas prices remain low, many dealers are having trouble moving the hybrid. While the car is already eligible for $500 in discounts in the region, customers can now also nab a $2,000 gas card with a 24-month lease of the Prius Liftback (the deal is not available for the Prius C, Prius V or Prius Plug-In Hybrid models). Lease discounts for the Prius Plug-In Hybrid have increased from $2,500 to $4,000, making it about $259 a month to lease. All Prius models offer a $500 loyalty bonus, and Toyota is willing to waive up to the last six months of payments for leases ending between June 2 and September 28. The next-generation Toyota Prius begins production in December, and could arrive in the US as a 2017 model. Read more at Green Car Reports. Ballard has signed a deal to provide the hydrogen power systems for 33 buses in two Chinese cities. The supply agreements with Nantong Zehe New Energy Technology and Guangdong Synergy Hydrogen Power Technology are estimated to be worth $10 million. "We continue to see strong growth opportunities in China's mass transit market where fuel cells are increasingly being discussed as the next generation of clean propulsion," says Ballard President and CEO Randy MacEwen. "This demand is being driven by China's growing need for clean urban mass transit and air quality policies." Fuel cell and electric buses are currently eligible for a $150,000 subsidy, as China is working to promote clean energy and reduce pollution. Read more in the press release below.

Camatte concept puts the Toy back in Toyota [w/videos]

It's been two years since Toyota first revealed its Camatte show car at the Tokyo Toy Show. Though sadly never destined for production, Toyota brought the concept back the following year as the Camatte 57s roadster, and is now returning to the same show with yet another take on the kid-friendly, configurable 1+2 with interchangeable body panels - this time with a slew of features that are fresh not only to the concept itself, but to the industry altogether.
This year the Camatte is being showcased in two forms: a bare chassis in the Tech Lab that lets kids see the inner workings of a modern automobile, and another in the Design Lab that lets kids draw their own motif for the concept that is then displayed on an LED hood.
The overall approach reminds us of the way Toyota's budget brand Daihatsu unveiled the Kopen roadster concept at the Tokyo Motor Show late last year, only even more kid-focused and decidedly more light-hearted than you might otherwise expect from one of the largest industrial giants in the world, and could only have been made for a toy exposition. In Japan. Which would explain the ridiculously upbeat videos below, where you'll also find the brief press release.

Heavily updated 2015 Toyota Camry to bow in New York

Looks like the new, "more emotional" Toyota Camry designer Kevin Hunter talked about back in January is going to arrive very soon, with news that Toyota's bread-and-butter sedan will be getting an update in just a few weeks time at the 2014 New York Auto Show.
"On April 16 at the New York International Auto Show, we will make an important announcement about America's best-selling car, the Toyota Camry," said Curt McAllister, Toyota product news manager, in an emailed statement. Considering the high-profile nature of the NYAS - not to mention the competition that will be shown there - it makes sense that Toyota would choose to unveil something as significant as a major refresh at the Javits Center.
We wish we had more to tell you than this, but unfortunately, that's about all we've got to go on at this time. Of course, we'll have much more for you during the lead up to NYAS, including any leaks of the refreshed Camry. Stay tuned.